Some decent dumps this morning breaching major support at 10c. From what I have seen from this company my bet would be on that the additional perforations failed to increase the gas rate from 0.6-0.8mmscf/d I understand that these post fracture perforations can be beneficial for increasing production from. The zones as more pathways are available for gas to flow I'm interested to see the outcome for my own educational purposes.
Most CSG wells flow more then this I can't understand how the geologist team Got it so wrong I mean they were referencing there production zones next to a Brisbane skyscraper and it is flowing less the 5000$ a day what a joke that will take a while to pay back let's say conservatively $7 million spent on this well? people on this thread calling this a smashing success have rocks in there head.
AJQ Price at posting:
9.9¢ Sentiment: None Disclosure: Not Held
